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/product/detail/index/isin/CH0323571528
32357152CELZJU
Celgene Corporation25.17%--28.09.2017USD94.3095.35
/product/detail/index/isin/CH0324701819
32470181MRKBXU
Merck & Co.  11.10.2017USD54.20--
/product/detail/index/isin/CH0331844958
33184495SLHZUU
Swiss Life35.49%--13.09.2017CHF222.30223.40
/product/detail/index/isin/CH0336867632
33686763BLOCSU
Oracle Corp17.79%--29.08.2017USD39.8040.20
/product/detail/index/isin/CH0341755962
34175596BLOCGU
Gilead10.54%0.49% p.a.11.10.2017USD64.2564.95
/product/detail/index/isin/CH0344266595
34426659BLOCAU
Amgen13.95%0.95% p.a.03.11.2017USD143.30144.70
/product/detail/index/isin/CH0345537697
34553769BELIBU
IBM0.95%3.85% p.a.15.11.2017USD137.50139.00
/product/detail/index/isin/CH0345541327
34554132MRKBLU
Merck & Co.1.32%5.49% p.a.14.11.2017USD60.5061.15
/product/detail/index/isin/CH0347700525
34770052 
Anheuser-Busch InBev5.96%14.04% p.a.05.12.2017EUR93.0593.09
/product/detail/index/isin/CH0347701317
34770131DPWBEU
Deutsche Post20.40%1.30% p.a.06.03.2018EUR27.7027.80
/product/detail/index/isin/CH0348479947
34847994BGALBU
Vifor Pharma AG-0.21%--08.09.2017CHF95.8596.25
/product/detail/index/isin/CH0348479954
34847995BCSGBU
Credit Suisse-0.40%--08.09.2017CHF14.8014.90
/product/detail/index/isin/CH0348483931
34848393VODBEU
Vodafone Group10.06%3.10% p.a.13.12.2017GBP1.961.98
/product/detail/index/isin/CH0349218781
34921878GILDEU
Gilead5.92%9.44% p.a.19.04.2018USD67.8568.30
/product/detail/index/isin/CH0349221462
34922146BHPBHU
BHP Billiton11.48%8.90% p.a.16.02.2018GBP12.4012.45
/product/detail/index/isin/CH0349482627
34948262BSMIAU
SMI PR Index8.51%1.38% p.a.07.12.2017CHF813.00816.50
/product/detail/index/isin/CH0349482635
34948263BABBAU
ABB2.90%9.26% p.a.07.12.2017CHF21.3021.40
/product/detail/index/isin/CH0349482643
34948264BADEAU
Adecco5.94%7.40% p.a.07.12.2017CHF66.0066.50
/product/detail/index/isin/CH0349482650
34948265BAMSAU
AMS51.10%--07.12.2017CHF31.8532.10
/product/detail/index/isin/CH0349482676
34948267BBAEAU
Julius Baer11.49%1.69% p.a.07.12.2017CHF47.5047.75
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Discount certificate (UBS BLOC)

A UBS BLOC (Buy Low Or Cash), also known as a discount certificate, enables investors with a moderate-to-high risk tolerance to obtain a price reduction when purchasing a selected underlying asset (e.g. index, equity, currency pair or precious metal). The more favorable entry results in a return benefit so that attractive returns are possible even in a sideways moving market.

Participating in price increases is limited: as soon as the price of the underlying asset trades at or above the cap level at maturity, the UBS BLOC will yield the anticipated return. The price reduction granted at the beginning results in investors benefiting from a safety buffer. Buyers of a UBS BLOC are almost always in a better position when the prices of the underlying asset fall than direct investors are, as they usually suffer fewer losses in terms of percentage.

However, the reduction in price is not full protection at maturity. If the underlying asset trades below the purchase price paid for the certificate there will be a loss in the capital invested. If the underlying asset closes below the cap level at maturity, the repayment is linked directly to the price of the underlying asset. The investor is then either paid the value of the underlying asset or the cash value of the underlying asset adjusted by the subscription ratio. In addition, the issuer risk must be taken into consideration, since the invested capital could be lost if UBS AG becomes insolvent, irrespective of the performance of the underlying asset.

A more detailed product description is available in our brochure "Knowledge in a nutshell".